sentix ASR Essentials 46-2015

Written by Manfred Hübner | 15 November 2015
Posted in sentix Weekly

Equity sentiment setback yet to undermine medium-term view

The latest sentix survey suggests that while investors have become more cautious on the near-term outlook for equities, their faith in a brighter medium-term outlook has not been shaken. While near-term sentiment readings on the likes of the DAX and EuroSTOXX continue to pull back from recent highs, readings based on investors’ medium-term strategic bias are actually improving. Monthly questions on sector preferences paint a similar picture. Investors have become more cautious on resource plays and more optimistic on defensives such as Food & Beverage and Healthcare (see Charts 2-3, page 2). But the extent of the move over the past month is reasonably modest. Energy readings remain above recent lows and Healthcare well down on 2015 highs. The recent pull-back in markets has not, as yet, materially undermined investors’ views on the medium-term.

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sentix Investmentmeinung 45-2015

Written by Manfred Hübner | 09 November 2015
Posted in sentix Weekly

There are no translations available.

Für die Rentenmärkte wird es eng

„Der Aufschwung kehrt zurück“ lautet die Überschrift über unsere heutige Presseaussendung zum sentix Konjunkturindex, die Sie unter http://konjunktur.sentix.de nachlesen können. Doch mit dem Dreh der Konjunkturerwartungen dürfte auch eine veränderte Einschätzung der Rentenmärkte nötig werden. Denn nicht nur die Konjunkturerwartungen der Anleger haben sich verändert, sondern auch ihre Inflationserwartungen.

Geänderte Einschätzung: Aktien USA, Japan und China, Bund-Future, US-Bonds, EUR-USD, USD-JPY

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EUR/USD – Investor sentiment at all-time low!

Written by Julien Mueller | 09 November 2015
Posted in Special research

The sentiment of investors towards the Euro falls to an all-time low. The sentix Global Investor Survey shows that the Euro currently faces stronger investors’ pessimism than during the height of the euro crisis. The US Dollar wins investors favour, though.

sentix ASR Essentials 45-2015

Written by Patrick Hussy | 08 November 2015
Posted in sentix Weekly

US Dollar optimism extreme versus Euro

The latest sentix Economic Indices, released today, revealed a further increase in the eurozone Economic Index (gaining 3.4 points to +15.1). This more upbeat assessment of the eurozone macro outlook is also colouring investors’ views of bonds. Monthly survey readings based on investors’ views on the macro outlook as a bond ‘theme’ indicate that economics is seen as having become less ‘bond bullish’ on a six month view (Chart 3, page 2). However, on other side of the Atlantic, the slide in sentiment towards US Bonds has been even more marked, with survey readings heading to the lower end of their 2012-15 range. At the same time, US rate rise expectations are bolstering dollar sentiment, with readings on EUR/USD having fallen to historic lows in the latest survey. US bond and currency sentiment has seen some especially sizeable moves recently (Charts 3 and 4).

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Recovery is back on track

Written by Manfred Hübner | 08 November 2015
Posted in sentix Economic News

Sentix captures a significant sentiment swing regarding global economic expectations in November. Neither signs of a seasonal depression of investors’ mood nor a November bias can be traced in the latest sentix data. With the exception of Austria, investors’ economic expectations rise for all major world regions. Of particular significance is the change of economic trend in Asia ex. Japan. Apparently, Chinese administration has been successful in restoring confidence in the potential of the Chinese economy.